CAUTION: Electronification Could Endanger Revenue Streams

Murphy, Patricia A.
November 2003
Bank Technology News;Nov2003 Supplement, p48
Trade Publication
The article argues that while electronification of checks is expected to generate substantial savings for financial institutions, there is a downside to this electronification scheme. Electronification refers to various schemes for converting checks to electronic transactions. These include check truncation where paper check flows are replaced by image file exchanges. Financial analysts believe that electronification threatens to "commoditize" check services as check imaging becomes commonplace and customers come to expect the efficiency benefits.


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